GARG FURNACE LTD. - Board Meeting Outcome for Outcome Of Meeting Of Board Of Directors Of The Company Held On Tuesday,
October 1, 2024 Pursuant To Regulation 30 Of The SEBI (Listing Obligations And Disclosure
Requirements) Regulations, 2015, As Amended ('SEBI LODR Regulations')
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| 01 Oct 2024 | |
| Please make reference to our correspondence dated February 19, 2024 regarding allotment of 28,00,000 Convertible Warrants in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in their meeting held today i.e. Tuesday, October 01, 2024, inter-alia has considered and approved the allotment of 8,00,000 (Eight Lakhs only) Equity Shares of face value of Rs. 10/- (Rupees Ten only) each upon conversion of the warrants at an issue price of Rs. 195/- (Rupees One Hundred and Ninety-Five only) each, including premium of Rs. 185/- each (as determined in accordance with the pricing guidelines prescribed under Chapter V of the SEBI ICDR Regulations) (the 'Issue Price') | |
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